tv Countdown to the Closing Bell With Liz Claman FOX Business February 16, 2015 3:00pm-4:01pm EST
i don't think there's a number too big. [laughter] >> okay. just hypothetically then, what if i were to choose donald trump as my running mate this. >> sarah, you're teasing us -- [laughter] >> and she looked great when she did it. i hope you're making money today. "countdown" starts now. liz: grounded before they ever took flight, jeff bezos probably not a happy camper today. his drone delivery aspirations for all things you order on amazon were likely just grounded in a new regulatory reality. the new proposed rules revealed just last night, who can still fly high, who else might have been brought back down to earth? hackers launch virtual raids on foreign banks stealing up to possibly $1 billion and then seeming to disappear into thin air. will u.s. banks be next, and is your money at risk? our super smart panel has the answer. and was the administration
listening? we've been asking labor secretary tom perez should he or his boss step in? perez now on the west coast dealing with the situation. will it work, or is it too little too late? and beantown should be renamed snowtown. how are businesses and hospitals futioning, and -- functioning, and where are they dumping all that snow? and are we seeing a snowy foundation that might bring our economy down a few notches? oil and foreign markets trading, fox business live is open for business, so let's start the "countdown." ♪ ♪ liz: we begin with breaking news in the global markets today. the euro right now falling against major currencies. the reason? in the last hour and a half, it was revealed that greece and the european finance ministers failed to reach a bailout agreement. the athens stock exchange
trading down nearly 4%, so that's a negative move. and other european markets were very much on edge. the dax in germany, the cac in france and the ftse in, of course, england, were all down in today's trade. asian markets trading higher, though, with japanese nikkei hitting its highest level since 2007. well, what woke them up? data showing that the country emerged from a quick dip into a recession last quarter. china's shanghai composite index continuing its eight-day winning streak, and u.s. energy could be traded by electronic trading. wti crude oil trading on globex, the electronic platform, up 22 cents closing at $53 a barrel. and you know what, you guys? there is word that we've got a lot of hedge funds now going long into brent. not necessarily into crude right now, light sweet, but long into brent. so that, a couple of issues that we begin with and now to what
could be a frozen icicle straight to the heart of first quarter g, the p. the historically told weather in the northeast is keeping people locked in their homes and businesses whether it's polar vortex 2.0, it's casting a deep chill over much of the u.s. today. but boston has the worst of it, dealing with snowfall the likes of which have not been seen in more than 120 years. and now reports of two more storms heading that way. any relief in sight? the very latest update now from senior meteorologist janice dean. >> reporter: hi, liz. take a look at some of these that dissings. the average snow season is around 41 inches, they're at the third snowiest on record at over 95 inches, the snowiest month so far, and we're only halfway through the month, and the snowiest 0-day period on record -- 30-day period on record, seven feet of snow. yes, we're not done with winter, and we have the possibility for more snow tuesday and wednesday, something they don't want to
hear. the current temperatures, it's cold. we have set cold weather records across the northeast which is hard to do in the middle of february, but will it is. 20 in new york, 19 in boston. it's the wind chills that make it so dangerous. people are urged to stay indoors, certainly watch your neighbors, make sure the elderly are fine as well as keeping your kids and pets inside. we are watching this big storm system. you know, the south atlanta really gotten a -- hasn't really gotten a lot of storms. this one has the potential for ice across the mid south and portions of tennessee through the carolinas overnight and then north of that some measurable snowfall for areas across the appalachians up towards the mid atlantic. is so concerned about over a dozen states here this the purple, ice storm warnings for parts of tennessee and a freezing rain watch for portions of the carolinas as we get through the overnight tonight. that's going to be very dangerous on the roadways, certainly people are advised to stay off. look at the measurable ice that's moving in towards
virginia as well as north carolina, and look at the snowfall totals. certainly 6-12 inches especially across the higher elevationings. overnight tonight, d.c., philadelphia, up toward new york and long island and towards tomorrow morning's commute, just keep that in mind, and we'll watch this move up towards new england. this will not be a jackpot event for boston but, liz, any more snow in that region is just not welcome news. liz: three if by ice, right? one if by land, two if by sea. [laughter] >> crazy. spring is 31 days away. liz: i'll believe it when we see it. >> i know. the countdown. liz: it's a huge economic issue, and we want our viewers to know that because as we know what happened with the polar vortex last year, it affected first quarter gdp, and it was a real problem. now, to the west coast port shutdown. are having a serious impact on business and commerce and taking a very big chunk out of u.s. gdp
as we speak. the port shutdown on the west coast costing an estimated $2 billion a day. and now we're starting to really hear it not just about retailers like ann taylor, but honda and toyota are now admitting that it's causing a slowdown at some of their u.s. plants because vital parts aren't getting through from asia. national retail federation's vp of supply chain jonathan gold told us way back in mid november that president obama really needed to get involved. in fact, he had written a letter begging for that back in november. well, now four months later it's finally happening. labor secretary thomas perez was dispatched to the west coast on saturday to help mediate the dispute between the dock workers' unions and the shipping companies. when i asked labor secretary tom perez whether the obama administration could be doing anything to help, this was his answer back on november 7th. >> i'm hopeful that they're going to come together. and this is, this is a first
cousin of the issue that we're discussing which is wage fairness across the country. there are so many people out there, workers out there who are contributing to this prosperity. they're helping to bake this pie of prosperity that we increasingly see. but they're not sharing in the reward. liz: okay. now apparently it's moved well beyond wages. if we listen to what we heard from the ceo of the long beach port on friday, he said they're done with the wage negotiation. it was much more than that. will we see progress? we're rejoined by the man who begged back in november, jonathan gold, of the national retail federation joining us on the phone from washington d.c. finally, somebody from high up in the administration, jonathan, has arrived. is this going to shake up the impasse? >> liz, we certainly hope so. it's a shame it came down to this. we had to get the administration involved. but after nine months, it's time for the parties to come to a
final agreement and, you know, hope that secretary perez can really get the parties to work out whatever their final issues are and move on and get commerce flowing again. liz: well, the sticking point we heard from the port of long beach ceo on friday was it was mediation and how there are workplace disputes that can or cannot be mediated. so they're done with the money issue which is certainly good news, but is that how you understand how it's going on? >> it's our understanding that there's a few other items on the table, this arbitration issue is one of them that has come to light. we hope that's the last and final issue, but only time is going to tell. we're not there at the table, is we're really not sure where things actually stand. liz: national retail federation is the world's largest retail organization. you guys are massive. you must have members on the phone screaming get this issue resolved. what are you hearing from your members? >> they've definitely been screaming for months now to try and help get this resolved.
of it's members from other associates as well including manufacturers, farmers, agriculture, transportation. everybody's being impacted by what's happening -- liz: the timing is terrible for this, jonathan. we could lose the business, believe it or not, to the panama canal which is very close to being completed to allow larger ships through, is that correct? >> that's correct. business has been moving to other ports on the east coast and west coast, and panama canal's going to help push that trade to the other ports. liz: let us hope that labor secretary be perez works some magic. you were writing letters begging them to get involved. it must feel good. >> we hope we can get a final deal out of it. >> jonathan gold, guy hasn't slept in four months. he's concerned. don't blame him. you're not going to get stuff that you want on the store shelves where you're trying to buy things too. the future of american skies and flying drones has finally gotten a little bit clearer. the federal aviation
administration too finally published -- oddly enough, last night -- its long-awaited safety rules for commercial drones. while operators and photographers are cheering the news because it appears they will not have to get pilots' licenses, big heavyweights like amazon are saying these regulations will ground the company's drone delivery plans. rich edson is on the story. rich, why are the new faa drone cans a blow to amazon specifically? >> because they limit amazon's delivery strategy. the federal aviation administration's proposed rules require drones weigh 55 pounds or less, fly at 100 miles an hour or slower and at 500 feet or lower. the rules also mandate the drone remain in sight of the operators or, and that -- operator, and that's where amazon objects. in response to the faa announcement, amazon -- in a statement -- says, quote: the faa's proposed rules could take one or two years to be adopted
and, based on the proposal, even then those rules wouldn't allow prime air to operate in the united states. the faa needs to begin and expeditiously complete the formal process to address the needs of our business and, ultimately, our customers. amazon adds that the it is prepared to deploy where it has the regulatory support it needs. in other words, outside 06 the united states. -- of the united states. the faa says it designed these rules for farmers observing their crops, realtors to capture aerial shots of property and universities to conduct research. the faa has initiated a 60-day comment period, that's where amazon, google and any other business or individual can offer their opinions, then officials can change it, approve it, reject it or just start over. the officials have granted more than two dozen exemptionings. back to you, liz. liz: listen, safety is tantamount, paramount. [laughter] the most important thing, right,
rich? coming up, hackers target big banks spewing cash out of atms. they weren't just after personal details this time, they were after money. yeah, you knew that was coming. but as they pull off a massive virtual heist, does this make you -- should this make you think twice about using mobile payments like apple pay or google wallet? guess what, maybe that's a safer way to pay for things than going to an ark tm anymore or even a bank. and has the cold weather got you down and feeling antisocial? well, apparently, a lot of people were all bundled up checking out something called hinge. it's a new dating app that works like a friend's referral sight. and you can do it all for the warmth of your home. they just launched in london, we've got the ceo. ♪ ♪ i'm type e.
i know what my money is doing. i rebalanced my portfolio on my phone. you know what else i can do on my phone? place trades, get free real time quotes and teleport myself to aruba. i wish. "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
heists ever, electronic bank heists. a leading security firm uncovered a massive cyber attack very hidden on up to 100 banks in 30 countries. this could result in losses of up to $1 billion of bank accounts like yours and mind. jo ling kent has been all over this story. jo, it used to be that the hackers only went for personal data, but now money is involved. how serious is this attack? >> reporter: liz, it's being called an unprecedented cyber robbery. the labs based in moscow says the stealing began in late 2013, and the primary motivation here is cold, hard cash. it's not intelligence or data. as you mentioned, 100 banks in 30 countries have been affected in some way. most of the victims are inside russia, but they're also in the united states, you i crane, switzerland and -- ukraine and switzerland. $300 million has been stolen so far, but the total could eventually triple. so, you know, like so many scams
this started with phishing e-mails, we mails sent to bank employees that looked like they were official correspondence. but unlike most cyber attacks the attackers did not be expose a loophole or vulnerability in the banking system. instead, they studied the bank's internal procedures, they recorded the process with video and screen shots and impersonated the bank employees inside the system. then they hacked into computers that control atms -- reportedly -- and released cash when criminals were ready the collect it. so hackers transferred millions of dollars to unauthorized bank accounts in the u.s. and in china. $7.3 million were stolen from one atm alone according to that report. but the biggest bank here in the united states tells fox business it has not been touched. jpmorgan chase says we are aware of the report and confirm we were not impacted by this malware. so is we're also waiting on comment from the financial services round table. wells fargo, interestingly,
declined to comment. looking ahead, liz, the lab says the threat is still active and that this group of hackers is actually growing. they're expanding their operations to the middle east, asia and africa. so lots to follow here. liz: so they came in the form of e-mails, malware came through, people clicked on it and then was able to mimic the key strokes. so everybody be careful of those phishing scams. >> absolutely. liz: this brings us to the rise of the mobile wallet. how many of you are using your phone or mobile wallet for paying for things? the year of apple pay to google going on a shopping spree to boost google wallet mobile payments, they've become part of our lives, quite frankly, turning into a multibillion dollar opportunity. forester research estimates this growing to $90 billion by 2017. who will be the biggest but safest standouts in the battle for your mobile wallet? joining me now, jim moran who
invests in mobile wallets and gary moleski, snoopwall ceo. gary, right off the bat hundreds of millions of people are just dying to use their cell phones and smartphones as credit cards, right? >> right on. it's going to be huge. liz: yeah. it's huge already, and should the russian bank heist, the hacking situation, give people pause? should it make people pause about doing that? >> absolutely. our cell phones are already infected with malware because we've all installed free apps that we never check the permission or the sources. and some of that malware i've detected spies on our bank transalaskas. i'm sure they're -- transactions. i'm sure they're going to modify it to spy on our wallets. liz: jim, i've done a lot offing on mobile wallets and mobile payments. >> right. liz: in some cases, it's way safer to use some of these opportunities, so far at least. >> it is. today, you know, you walk up to a point of sale and swipe your
credit card. that's 1960s technology, and it actually has your credit card number embedded in that magnetic stripe. and in a mobile payment world, that process gets moved virtually, you know, to the phone. it's a tokennized transaction where your card information is not then exchanged at the point of of sale. liz: ask that's why you're investing in these, because you believe it's the future? >> absolutely. it is the future. the it's going to represent tremendous ease and convenience for consumers, and it's going to be a fantastic opportunity for the biggest brands to have a much more interactive relationship, marketing relationship with it customers. liz: gary, you're not opposed to it, you say there are ways people can absolutely protect themselves. you mentioned apps. before anybody starts using their phone as a mobile wallet, they should, what, clean up their apps? how do you do that? >> absolutely. just check the per migs of of your apps and get -- permissions of your apps and get rid of the ones that could be spying on you. also use a new, secure password.
and then you really don't want to turn on the nfc protocol all the time or you might get wirelessly pickpocketted. when you use hinge and you go out on a date, make sure the guy you go out with has charged the battery of his mobile wallet -- [laughter] liz: we've got the ceo of hinge coming up. i like that, you're segwaying. a little early, gary, but you also say don't hook in your debit card, only your credit card, right? >> right on. because if you hook in your debit card, it takes time to get that money back from banks whereas with credit cards it's not your money to bin begin with, and -- to begin with, and the credit card companies protect your money immediately. liz: they sure do. i have covered them so extendsively, and they seem relatively safe. level up, which is one of the first ones out there, seth prebotch, he has always said exactly that, they don't have your numbers on the card and that, of course, makes it a lot
safer. >>s this is true. i've used level up as well. it's a very convenient application to use. liz: what are you investing in? >> we're investigationing in companies -- investing in loyalty and rewards platforms. they're teaming up with the biggest retailers and banks to pour the foundation such that these mobile wallets can then with used by consumers en masse. liz: and you get the discounts and coupons right off the bat. >> right. it isn't about the payment. the payment component is the tip of the iceberg. it's really about the opportunity to integrate in the offers and the loyalty and the rewards so that when you walk into a cvs, you've got your phone, the coupon's banked in your mobile wallet. when you point it at the point of sale, you pay for your items, and the $5 you were expecting to get redeemed -- liz: right away. it seems very, very smart and intuitive. gary, in the end the banks who are saying we haven't been touch
yet like jpmorgan, is it really only a matter of time until they get hit by these russians or whoever's behind it? >> it is. and when you start moving the data into the cloud and they talk about encryption, for example, the apple pay wallet they're going to use the icloud to help people out, and we recall that a lot of folks lost their pictures on the icloud. i'd hate to see them lose their wallet. there's an interesting one called loop pay that i think is a very innovative wallet vendor. google wallet and apple wallet are also going to do a great job. but when it comes to security, i question their abilities. liz: jim moran and gary molevski stay warm with, everybody. jim's from boston, i think gary's in new hampshire. good luck, guys. [laughter] coming up, looking for love in all the wrong places? have you tried hinge? it's a new app that works like a friend's referrallal site. no randos.
that means no random people invited. it's taking the dating scene by storm. and the winter storm is so severe, we've had smart people like robert wolf telling us it will absolutely lower u.s. gdp for the first quarter. is any relief in sight? is how is boston specificically dealing with this record-breaking mound of snow? we will take you live right there, our own superstar reporter. ♪ ♪ ♪
giant's bailout during the financial crisis. but should he win his multibillion dollar suit? that could open the doors for money managers upset with the way fannie mae and freddie mac bailouts were handled. joining us with the latest details is charlie gasparino. sounds like you've got a jar of scorpions here. >> yeah. listen, i'm not advocating that people put on this trade. fannie and freddie are both, as you know, penny stocks. but if you lock at the charts lately -- look at the charts lately, there's been a pop in the stock. and what i understand the pop in the stock is somewhat attributed to money managers, at least some managers putting on a greenberg trade, as they put it. they're snapping up shares of fannie and freddie, basically predicting a greenberg victory. now, why is this? greenberg is saying the government came in and illegally confiscated shareholder value when it did the bailout of aig, essentially wiping out
shareholders, right? including himself. what are the fannie and freddie shareholders right now? and there are cases even in federal claims court. i think bill ackman has a case in federal claims court where the greenberg case being held. what are they saying? fannie and freddie after their bailouts of 2008 repaid the government, and what the government right now is doing is illegally confiscating all the profits. those profits should go back to hair holders. -- shareholders. there's been some federal court cases that have been dismissed. and from what i understand, i did some research, ackman -- liz: yes, exactly. >> transferred his case to federal claims court where hank is. so the trade is this, hank may win. a had the of people think based on some of the -- a lot of people think he will win. these money managers are snapping up shares of fannie and freddie can predicting a pop in the stock if and when that victory occurs. greenberg's case should be expected -- the judge should be expected to rule on greenberg's
case in the coming weeks. you and i have talked about march as one of the due dates. but that's an interesting trade here. does the greenberg case, you know, carry over to this fannie and freddie issue which is a very controversial issue in the markets? fannie and freddy have paid back the federal government. money managers are in the stock, but can they get some of the money that they're making right now? because after the bell, it's very profitable. if hank wins this case, you'll see a lot of people predicting a decent pop in those stocks. but i tell ya, you know, these are penny stocks. i don't advocate this trade, but it is interesting, nonetheless. and it's bouncing around the markets in a big way right now. ly liz people who wanted to ride hank greenberg's tail went in on class action suit, and he did all of the work bringing in david boies, bringing it to people's attention. now bill ackman could do the same for fannie may, is that what you're saying? >> well, yes, theoretically he could. just so you know, i haven't
talked to him about this. this is beyond him. i'm getting this from money managers. what they're telling me is that if hank wins, okay? they've got a precedent in federal claims court. they can go back to federal claims court and do maybe the same sort of suit that he did. liz: or restore value, you know? >> yeah. but either way -- liz: ackman piled into the trade in december, just two months ago. >> yeah. but either way the stock is likely to pop, people say, you know? even if long term it doesn't turn out. this is just the trade. now, some of this is about making money, you know? i know we're on business television and people want to sit around and talk about obamacare 24 hours a day -- liz: i want to make people money. >> this is a thing that you should look at. if you want to trade the market. liz: charlie -- >> and caveat emptor. liz: stay safe, stay warm -- >> i got my cough back. liz: was that a perfectly-timed cough? >> i got it back. that's not a good thing. liz: okay, i'm sorry.
i want you to feel better. >> i will. liz: see you tomorrow here in person. >> bye. liz: do we have another polar vortex on our hand? that happened one year ago this month. the northeast slammed with dangerously freezing temperatures. how are businesses and hospitals functioning in this weather? we're going to break it down for you live on the ground in boston next. and put aside tinder for a minute or even match.com can. there is a new dating app that's taking singles everywhere by storm. smart singles. and, no, this isn't the league either. you've heard of that one. it's called hipping, and it only connects you -- hinge, and it only connects you with the people in your social network. so no randos. i'm teaching you that word. coming up, hinge's founder and ceo on how this is working. ♪ ♪ you can't predict the market.
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♪ ♪ liz: the east coast slammed by its fourth snowstorm in a single month. braving the cold and right in the heart of one of the hardest-hit regions to give us the latest is rick leventhal. rick, i worked at channel 7 in boston for three years. we had 100 inches of snow, and it wasn't as bad as that. >> reporter: well, they've gotten 95.7 inches so far this winter, and there's still two more storms on the way this week. they think they'll break the all-time record ever. and they spent $35 million on
snow removal already this winter, and look how much snow is left to remove. i mean, they have barely cracked the surface of the seven and a half feet of snow that's fallen in the last three and a half weeks. here in south boston they're still digging out cars. kyle here, you can show us where you're going with this shovel. kyle has been working for the last i don't know how long, 20, 30 minutes digging out a vehicle that's around the side of this huge snow bank. it's been dug i out from previous storm, but he's digging it out from the foot that fell over the weekend, and this isn't even kyle's car. he's doing it for his neighbor. it was her birthday a couple days ago, and he's helping her out. that's what they do can, they help each other out. look at that wall of snow around that vehicle that's being dug out again by this very kind young man. liz: we must not be from south boston. [laughter] they'll punch you in the face if you take their parking spot that they drug out.
>> reporter: oh, yeah. or slash their tires. they mark 'em with chairs and cones, and you cannot take someone's space, or you will regret it. liz: they learned it in the north end, isn't that right? [laughter] >> reporter: i don't know. you spent more time here than i did. liz: and now i'm in new york where we have wide open roads and eaves. rick leventhal has been working all weekend on fox news. we so appreciate these reports, rick, thank you so much. feeling lonely of after valentine's weekend or ready to the make a change or just hiding away from the cold? hinge is there to help. it's a dating service, a new one. i know we bring you a lot of these, but this dating service connects people based on social connections and physical locations. so no randos or random people clicking on your picture. this company has spread to 35 cities nationwide including london. here's the founder and ceo,
justin mccloud, in a fox business exclusive. london can, how interesting? so now you're going global. >> yeah, got back this weekend. liz: what makes it successful? >> we had a big launch party, so we had a lot of great sort of young professional crowd there which is how we see the new market, and then we just already start to see it grow sort of concentrically around that group of people. liz: let's talk about what makes hinge different. this one works with your extended social circle, right? >> that's right. so we introduce you to friends of friends and their friends, the type of people you'd meet at a house party or dinner or wedding, we just help you meet those people more quickly and more easily. liz: okay. does that entail that i have to use facebook? >> that's right. liz: isn't that how your algorithms go? >> we use facebook to validate you're a real person and to use your social network to make those introductions. liz: so this is six degrees of
separation, to -- >> that's right. second and third degree connections. that's exactly right. liz: how successful have you been in the states? 34 cities in the states. >> that's right. liz: and how do you -- give us some metrics to give us a sense of how well this is working. >> grover growing -- we're growing 20-30% per month -- liz: setting up 5,000 -- 35,000 dates per week? >> yeah. it's pretty wild. it's been growing 0 or 30% per month. liz: what kind of anecdotal stories are you hearing? >> we've had engagements, we just had a couple featured recently who have a baby now and who live in pittsburgh on "good morning america." i just got a text message from a friend telling me she's going out on her first hinge date in london tonight. les les ed w. is adorable, so why wouldn't i, right?
except i happen to be -- >> we use real users. liz: i can just say you're not profitable yet, but at some point you're going to monetize? how? >> yes, that's right. it won't necessarily be membership fees, but it will be a series of app purchases and upgrades and things. the service as it exists right now will remain free. liz: and justin got involved in this because he was single ask wanted to find somebody legit, right? >> yeah, i think that's right. i was in business school, starting to work in consulting, and it just felt like, you know, the traditional dating sites were overkill. liz: before we go, how many dates have you been on through hinge? >> oh, gosh -- liz: you don't want to say. [laughter] are you in a relationship? >> not currently. liz: he's free, ladies. good luck to you. just withen mccloud. and you have a great team of people because i saw them on youtube video. it was very cute. >> thanks. liz: their valentine's video,
check it out. it seems consumers had the holiday blues in january and did not part with their money as quickly as all the experts thought they would, all that gasoline money. will this latest brutal round of weather mean real problems, or will the online retailers get it all? shopping online? we're breaking down the winners and losers next with two top retail experts. ♪ ♪ ve been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro.
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>> i'm about to see. i'm imitating kanye west at last night's 40th anniversary special. i'm on a bed of 5,000 6-inch nails. i want to show the bubble in a glove. this is getting people's attention because you mentioned the $22 billion in toy sales, this is just a part of it. getting kids interested in science doesn't have to be boring. i want to introduce you to steven, he's going to show us this. charlie's going to hold the camera because, basically, this is the material you find in diapers, but you've changed the form haitian. show me. >> here or, hold onto the glass. the polymer goes inside, it's a super absorbent material. as soon as the water touches it like this, it starts to absorb like millions of little sponges and starts to overflow. >> like snow. >> it is like snow. >> kids can have a bunch of fun.
>> a kid will say sick -- >> listen, i want to show them one other thing. steven, thank you. there's this stuff over here, how would you like to make bubbles? charlie, i need you again because i've got to put on the magic glove. liz, check this out. brian, what are you about to do? >> all right, we're playing with dry ice and bubbles. so now we're making co2 filled bubbles that you can actually play with and bounce. >> but if you put it on your hand, the oil on your hand doesn't allow the bubble, i but on a glove, look at that. liz: oh, that's so cool. >> kids at home can do this, and what is it going to teach them? >> it's a lot of ways to play with different bubbles. so you're learning about the co2 changing with dry ice and just playing with bubbles in a
different -- liz: show it bounce. >> liz, i've got the tell you, playing with bubbles sounds like a segment we could turn into a show on the network. [laughter] when you think about this, these bubbles, $22 billion in sales. most of the stuff at the international toy fair is about writing the contracts to build the toys that'll then be sold at christmas. all of this right now is available through the amazing toys. back to you. liz: i like the diaper snow. that's for us. i've got to get diaper snow. amazing. adam -- >> i feel like michael jackson. [laughter] liz: thank you so much. the winter weather is not just bad news for boston, it could mean another month of poor retail sales. joining me now, kristin benz and brian sa successor i -- sazi. kristin, i'm looking at the data, and all you have to do is compare to last year, and it
makes me wonder, will we see a negative repeat for the retailers? >> here's the thing, there's a lot of extra money in consumers' pockets, and they are spending, but the question is, what are they spending it on? liz: brian, they're not spending it entirely on retail, and that's the question. what happened to that boon that was supposed to come from the cheap oil or the cheap gas? >> i think investors got sucked is into this notion. suddenly people have an extra $20 this their pocket at a week and they're going to buy a $1,000 tv at best buy. ironically, something fun, breakfast sandwiches, dunkin doughnut, starbucks, little things, little transactions, $5, $10 -- liz: starbucks finally got food right, that's incredible. and people instead of spending on big ticket items, maybe they don't trust this newfound cash, so they're going smaller. >> i sat down extensively with the ceo of pepsi, and he told me they're seeing more sales of
snacks at gas stations, quick things. people not saving the money, and even though whole foods' earnings report last week accelerated into the most recent quarter. liz: okay. brian is saying you're going to see gains when it comes to food items. what about you, kristin? who will be the winners here? >> people like gopro, experiencial luxury, right? so right now it's all about i'm going to show you what i'm doing. i'm going to show you what i'm doing and how i'm traveling. i'm going p to put that on a video and show it to even. so starwood, spg, gopro, marriott, anything that's -- liz: kristin, it sounds like you're saying that if we're going to spend a lot of money, it better be on something we can really learn from or glean a great experience from rather than just a new top. >> well, not about i know luxury now, it's about i show luxury. so how am i doing that, right? time is special, right? and you're going to show that to
the world when you take your kids on that vacation, you're doing stand-up paddle boarding and you have your gopro camera, and here i am. that's kind of the new luxury. liz: so, brian, you have a completely different view, but it's not necessarily opposing. i just have to ask, if the data are so noisy right now what with the port slowdown on the west coast and the weather on the east coast, do you have a better picture than the rest of us on how the consumer in the united states is doing, or will it be purely regional? >> broadly speaking, i think it remains scattered. the low income consumer is coming back to walmart. i talked to vf corp., and they told me lee's jeans are starting to sell well. so that low end consumer is starting to feel a little bit better, but it remained scattered. liz: what about the ralph laurens of the world? >> they remain, i think, very price competitive. you have to be offering something different, and kristin touched upon it, experiencial retail, and i think that's why
best buy's winning, gopro shops and i think new dyson vacuum shops -- liz: you like those, don't you this. >> obsessed. liz: best buy is something, kristin, that he really likes. do you have some favorites here that you think will wrestle that cash that people do have from wallets? >> well, i'm obsessed with dyson, so brian and i have to -- [laughter] liz: i have been too. >> so what do i love right now? well, about 100% of u.s. footwear is imported, so i'm all about the footwear. i'm loving the christian lieu bhutan, that's in order strom. that's, you know, we'll figure it out. who do i like? i like chipotle, i like anything millennial. i like pabst blue ribbon. hoover. liz: you know, pabst blue -- >> i think everybody has to watch denny's. they report on wednesday with.
they're america's truck stop and also a place where a mom on a budget can take their kids for eating on sunday. liz: we've gotten it all. kristin, and brian, thanks to both of you. coming up live? yeah, we're live because that's how we roll. we're telling you how greece's stalemate with european finance ministers could impact u.s. markets and your money tomorrow. we're telling you that today. dismoo and we all talk about iphones and the apple watch and the ipad and the next iteration of it, but how about the apple auto? we hear one may be in the works. what would it look like? could it give tesla a run for its money, or is it the other way around? that and much more coming up on "after the bell." t. ♪ ♪
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